SABA CAPITAL MANAGEMENT, L.P. Information

405 LEXINGTON AVENUE, NEW YORK, New York, 10174, (212) 542-4635

Report Date: 12/31/2014

Position Statistics

Total Positions 186
New Positions 16
Increased Positions 37
Decreased Positions 144
Positions with Activity 181
Sold Out Positions 51
Total Mkt Value (in $ millions) 1,013

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 2.61%
Capital Goods 1.32%
Conglomerates 0%
Consumer Cyclical 0.38%
Consumer/Non-Cyclical 0%
Energy 2.61%
Financial 81.63%
Healthcare 1%
Services 3.11%
Technology 0.38%
Transportation 1.33%
Utilities 0.32%

186 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BLACKROCK CORPOR HI YLD FD INC COM 78,099 -7,052 (8.28) 6,979,323
BLACKROCK DEBT STRAT FD INC COM 59,326 -2,799 (4.51) 15,820,136
PIMCO DYNAMIC CR INCOME FD COM SHS 46,118 -4,551 (8.98) 2,256,284
BLACKROCK CR ALLCTN INC TR COM 42,678 -7,702 (15.29) 3,163,682
BLACKROCK MULTI-SECTOR INC TR COM 35,157 -6,993 (16.59) 2,005,559
MORGAN STANLEY EM MKTS DM DEBT COM 32,780 133 .41 3,465,097
PUTNAM PREMIER INCOME TR SH BEN INT 31,048 -3,800 (10.9) 5,880,265
WELLS FARGO ADVANTAGE INCOME COM SHS 30,064 -1,825 (5.72) 3,397,049
BLACKSTONE GSO STRATEGIC CR FD COM SHS BEN IN 28,008 1,397 5.25 1,723,585
ABERDEEN ASIA PACIFIC INCOM FD COM 27,555 -9,571 (25.78) 5,028,347
WESTERN ASSET HGH YLD DFNDFD COM 26,640 -315 (1.17) 1,639,390
WELLS FARGO ADVANTAGE MULTI COM SHS 22,301 -841 (3.63) 1,643,375
WESTERN ASSET MGD HI INCM FD COM 22,179 -601 (2.64) 4,314,910
NUVEEN MTG OPPORTUNITY TERM FD COM 20,813 -955 (4.39) 891,750
WESTERN ASSET EMRG MKT INCM FD COM 18,343 -964 (5) 1,648,089
GLOBAL HIGH INCOME FUND INC COM 17,547 -51 (0.29) 1,987,215
VANGUARD BD INDEX FD INC TOTAL BND MRKT 17,402 17,402 New 209,205
WESTERN ASSET HIGH INCM OPP FD COM 16,376 -3,871 (19.12) 3,072,438
MFS MULTIMARKET INCOME TR SH BEN INT 15,891 -4,360 (21.53) 2,490,689
WESTERN ASSET GLOBAL CP DEFINE COM 15,191 -1,658 (9.84) 848,772